Arsenal to embark on a MEGA summer spending spree following the arrival of Alexis Sanchez

NEW GUNNER: Alexis Sanchez joined Arsenal yesterday from Barcelona [GETTY]

The news of the Gunners' spending spree came just hours after the north-London side signed former Udinese star Alexis Sanchez from Barcelona late last night.

The official fee for Sanchez has not yet been announced, but according to reports, Arsenal boss Arsene Wenger shelled out £30m to land Sanchez.

Sanchez's arrival at the Emirates has given Arsenal fans some renewed optimism and many now believe that if the club sign two or three more players this summer that they'll mount a stronger challenge for the Premier League title next season.

Speaking at the launch of Arsenal's new kit last night, Gazidis, 49, expressed his delight at the signing of Sanchez and hinted that the club had only just started their summer spending.

He said: “We’ve pulled off a good one with Alexis Sanchez, it’s a great signing for us. I’m happy for the club, but there’s more work to be done.”

MORE TO COME: Gunners chief executive Ivan Gazidis has hinted that the Gunners will be go on a major spending spree this summer [GETTY]

“We’ve pulled off a good one with Alexis Sanchez, it’s a great signing for us. I’m happy for the club, but there’s more work to be done”

Ivan Gazidis

When asked about the possibility of signing a defensive midfielder Gazidis hinted that a deal to sign a holding player may have already been agreed, but the South African refused to drop any names.

He said: “I’m not going to talk about it until it’s done. I’ve got to get back, we’ve got more work to do.”

The Gunners have been linked with a move for Real Madrid and Germany midfielder Sami Khedira, who yesterday rejected a two-year contract extension at the Bernabeu.

According to reports in Spain, Arsenal are currently in negotiations with the Champions League winners over a possible transfer, and have offered the La Liga side £24m for the former Stuttgart man.